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Run rate of domestic olefin deep processing declines slightly due to maintenance

Comprehensive run rate of olefin deep processing from September 2nd to September 8th read 43.05%, down 0.49 percentage point from last week.

September 12, 2016

China raised strategic crude reserves by 22% in H2 2015

According to the National Statistical Bureau of China, China's strategic crude oil reserves soared by 22.5% in the second half of 2015, from 26.1 Mt (190 mbl) to 31.97 Mt (233 mbl), i.e. abo

September 12, 2016

Shandong teapots pushed up prices frequently amid rebounding crude oil

In early September, international crude futures were lifted to $47-50/bbl. According to JYD, up to September 9th, the change rate of referential crude oil was -4.65%.

September 09, 2016

International oil prices rose on September 7th and Brent increased 1.5%

International oil prices rose on September 7th. Russia and Saudi Arabia jointed hands to support the oil market on September 5th. Encouraged by this, Brent soared by 6% once.

September 09, 2016

Gazprom invited CNOOC to develop Russian continental shelf oilfield

Russian media reported that, OAO Gazprom president Alexey B. Miller proposed China National Offshore Oil Corporation participates in the development of Russian continental shelves’ oilfiel

September 08, 2016

Shandong ports oil inventory rallied amid more cargo arrivals

The data from JYD showed that Shandong coastal ports’ crude and commercial fuel oil inventory rebounded against the previous week, and on September 8th the total stocks in Qingdao, Longkou

September 08, 2016

China the first national standard for ship engine emission is released

Given the urgent situation of Chinese ports and ships air pollution control, China Ministry of Environment Protection started formulating the ship engines standards to fill up the blank of t

September 08, 2016

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